S&P500 futures index is about to break all time highs again breaking the weekly supply barrier at 2879. Clear long term longs bias with new weekly and demand demand levels being created. Expecting a breakout of all time highs that will probably last for a couple of weeks before it retraces again.
A very similar scenario has already happened on Russell 2000 and Nasdaq futures indexes. Similar weekly supply zones have been eliminated and price retraced to the newly created weekly demand level.
Great work on this .do you see this continuation on Longs progressing towards the end of the year? or a pull back to support areas?
AlfonsoMoreno
⋅
@AndroCosta, that's what is happening right now. I can't tell what is going to happen towwards the end of the year. I don't trade support areas, just supply and demand imbalances
AndroCosta
⋅
@AlfonsoMoreno, thank you ! your course has great comments and hope to take it next year